Epstein Secrets

ABS Funds while there was an opportunity to do so. Arbitration Provision 12. Pursuant to the Customer Agreements between Bear Stearns and FTC and Bear Stearns and COUQ, "... controversies arising between [Claimants] and your introducing broker and/or Bear Stearns, and any of your or their control persons,

ar Steams and billions of dollars of losses to firms around the world. The two Bear Steams executives most directly involved in managing the funds, Ralph Cioffi and Matthew Tannin, have been indicted for repeatedly lying to investors about the Enhanced Fund's condition from February to June 2007, when the F

23, 2009 11:31 AM To: Sloman, Jeff (USAFLS); Subject: FW: Jeffrey Epstein Hai Jeff, and I just got off the phone with the prosecutors from the Bear Steams case in New York. They had seen the NY Post article that claimed that Epstein got such a low sentence because he was cooperating with the feds on t

he's cooperating with federal prosecutors. Epstein, who pleaded guilty to procuring teenage girls for prostitution, is helping the feds prosecute Ralph Cioffi and Matthew Tannin, the Bear Stearns hedge fund managers who allegedly took him for $67 million. Cioffi and Tannin are set to go on trial in Brookly

ject: FW: Jeffrey Epstein Date: Thu, 23 Jul 2009 15:31:20 +0000 Importance: Normal HMEMand 1 just got off the phone with the prosecutors from the Bear Steams case in New York. They had seen the NY Post article that claimed that Epstein got such a low sentence because he was cooperating with the feds on t

he's cooperating with federal prosecutors. Epstein, who pleaded guilty to procuring teenage girls for prostitution, is helping the feds prosecute Ralph Cioffi and Matthew Tannin, the Bear Stearns hedge fund managers who allegedly took him for $67 million. Cioffi and Tannin are set to go on trial in Brookly

its, his investments with Bear Steams were also guided by the "assurances, advice and representations" of 'other executives at the highest levels of Bear Stearns' management" Am. St. Claim 11 19 (emphasis added). -5- EFTA00314494 on big-picture issues of strategy and growth. The day-to-day management and ove

"oversaw the management of the Funds" nor represented that he oversaw the Funds. Am. St. Claim 1 16. Indeed, Epstein admits as much, conceding that Ralph Cioffi and Matthew Tannin — not Spector — were "[t]he two Bear Steams executives most directly involved in managing the funds." Am. St. Claim 1 9. Epstein'

Subject: FW: Jeffrey Epstein Date: Thu, 23 Jul 2009 15:31:20 +0000 Importance: Normal Hi — I just got off the phone with the prosecutors from the Bear Steams case in New York. They had seen the NY Post article that claimed that Epstein got such a low sentence because he was cooperating with the feds on t

he's cooperating with federal prosecutors. Epstein, who pleaded guilty to procuring teenage girls for prostitution, is helping the feds prosecute Ralph Cioffi and Matthew Tannin, the Bear Stearns hedge fund managers who allegedly took him for $67 million. Cioffi and Tannin are set to go on trial in Brookly

se in New York. They had seen the NY Post article that claimed that Epstein got such a low sentence because he was cooperating with the feds on the Bear Steams prosecution. They had never heard of him. I just told them a bit about how things worked out and my theory on how that rumor got started. Assistant

se he's cooperating with federal prosecutors. Epstein, who pleaded guilty to procuring teenage girls for prostitution, is helping the feds prosecute Ralph Cioffi EFTA00078956 and Matthew Tannin, the Bear Stearns hedge fund managers who allegedly took him for $67 million. Cioffi and Tannin are set to go on

' Leveraging Practices 19 3. Bear Stearns' Backing of the Hedge Funds 20 E. Bear Stearns' Misleading Models and Inadequate Risk Management 23 I. Bear Stearns' Misleading Valuation and Risk Models 23 a. The Importance of Valuation Models 24 EFTA00316715 Case 1:08-cv-02793-RWS Document 102 Filed 02/27

dit Quality. Cayne: James E. Cayne, a director, Chairman of the Board and Chief Executive Officer of Bear Stearns during the Class Period. Cioffi: Ralph Cioffi, the Bear Steams trader who started and managed the High Grade Fund, a Managing Director of BSAM and a Director of BSC. CDOs: Collateralized debt o

Statement of Claim, Epstein began his career at Bear Stearns in 1977 after being personally recruited as a trader by Alan Greenberg ("Greenberg"), Bear Stearns' former Chairman. (ASOC ¶ 18). At Bear Stearns, Epstein traded options and served in the "special-products division," advising some of the firm's we

Further, to the extent Claimants somehow attempt to connect their baseless allegations • . about the creation of the EL Fund to the indictment of Ralph Cioffi and Matthew Tannin, the portfolio managers of the HG Funds, it must be noted that Messrs. Cioffi and Tannin were acquitted of all charges on Novemb